Tax audits of various types is becoming a common incidence. Over the past few years ATO has invested heavily in IT and enhanced their data matching software. ATO data matches tax return information against records collected from various government departments such as Centrelink, Workcover as well as Superannuation Funds, Banks and other Financial Institutions. For business tax returns ATO uses the above mentioned sources as well Industry Benchmarks. These benchmarks are for average income and key expense ratios across many industries.
We conduct audits for clubs and not for profit entities, producing comprehensive reports in which your stakeholders can have complete confidence. We are also happy to offer due diligence systems reviews and financial consulting advice
With our affiliated professionals we can carry out your auditing and financial analysis with a minimum of fuss and maximum efficiency and accuracy. As well as giving you the peace of mind that your accounts are fully compliant with statutory requirements, we can identify strengths and weaknesses in the finances of your business, helping show the way to future success and profitability
Our core auditing services include:
- Superannuation fund audits
- Trust accounts
- Due diligence
- Specialist audits